My property taxes for $600, were due Feb. 2007.
I did not have the money to pay them.
I tried to refinance my house twice (in Feb & March)to pay the taxes and get a better interest rate. I was refused, because of the housing market. (Basically, my house appraised $40,000 LESS than it did, 6 months before...And this was WITH the $25,000 main bedroom & office addition that I paid cash to do! My life savings were used to do this addition. I considered it an investment into my property).
I asked my mortgage co. to put my taxes into escrow (I did this so my taxes would be paid & so I wouldn't lose my house.) It took my mortgage co. 4 months to do this.
I EXPECTED my house payments to rise an extra $100 a month. (It would be hard, but I would do it, until the market got better and I could refinance).
Yesterday, I called to ask why I have not heard anything on why my payments have not changed. I was informed, that my payments would be going UP $200 a month starting Dec.1st.
2007-11-03
01:21:36
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6 answers
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asked by
Hallie
1
in
United States